X0306 4 2013-03-04 0 0001348259 VALIDUS HOLDINGS LTD VR 0001407196 Singh Alok C/O VALIDUS RE 48 PAR-LA-VILLE ROAD, SUITE 1790 HAMILTON D0 HM11 BERMUDA 1 0 0 1 See Note (4) Below Common Stock Warrants (right to buy) 17.50 2013-03-04 4 S 0 716031.48 18.92 D 2007-09-19 2015-12-12 Common Stock 716031.48 0 I See Note Common Stock Warrants (right to buy) 17.50 2013-03-04 4 S 0 55392.07 18.92 D 2007-09-19 2015-12-12 Common Stock 55392.07 0 I See Note Common Stock Warrants (right to buy) 17.50 2013-03-04 4 S 0 12632.01 18.92 D 2007-09-19 2015-12-12 Common Stock 12632.01 0 I See Note The securities sold were directly owned by New Mountain Partners II (Cayman), L.P. The securities sold were directly owned by Allegheny New Mountain Partners (Cayman), L.P. The securities sold were directly owned by New Mountain Affiliated Investors II (Cayman), L.P. NMI II (Cayman) GP, Ltd. is the general partner of New Mountain Investments II (Cayman), L.P., which is the general partner of each of New Mountain Partners II (Cayman), L.P., Allegheny New Mountain Partners (Cayman), L.P. and New Mountain Affiliated Investors II (Cayman), L.P. (collectively, the "New Mountain Funds"). Alok Singh is a managing director of New Mountain Capital, L.L.C. Mr. Singh disclaims beneficial ownership of the common stock warrants owned by the New Mountain Funds, except to the extent of his pecuniary interest therein. /s/ Alok Singh 2013-03-06